The Gourmand Cooking School runs short cooking courses at its small campus. Management has Identified two cost drivers it uses in Its budgeting and performance reports-the number of courses and the total number of students. For example, the school might run two courses in a month and have a total of 64 students enrolled in those two courses. Data concerning the company's cost formulas appear below: Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Fixed Cost per Month Cost per Course $ 2,930 Cost per Student $ 260 $ 1,240 $ 85 $ 4,700 $ 2,200 $ 3,500 $ 44 $ 3 For example, administrative expenses should be $3,500 per month plus $44 per course plus $3 per student. The company's sales should average $870 per student. The company planned to run four courses with a total of 64 students; however, it actually ran four courses with a total of only 60 students. The actual operating results for September appear below: Actual Revenue Instructor wages $ 52,780 $ 11,000 Classroom supplies $ 16,490 Utilities $ 1,990 $ 4,700 Campus rent Insurance Administrative expenses Required: $ 2,340 $ 3,294 1. Prepare the company's planning budget for September. 2. Prepare the company's flexible budget for September. 3. Calculate the revenue and spending variances for September. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the company's planning budget for September. Gourmand Cooking School Planning Budget For the Month Ended September 30 Budgeted courses Budgeted students Revenue Expenses: Instructor wages Classroom supplies Utilities Campus rent Insurance